chartwatchers
Long

ERX - Breakout and a trendline backtest

AMEX:ERX   DIREXION ENERGY BULL 3X SHARES
219 1 16
I'm in this vehicle for a ong             time.
It seems to me that the pullback is done. We broke out of the channel and have the testback.
If oil             rallies on Monday price will soar after the gap open.
Slow Stochastic had just crossed up, RSI left overbought.
It's a long .
If the main indexes ( S&P             , Nasdaq, Dow) printed their bottom on Friday it will support the rally in ERX also.
ERX was one of my best picks since late Feb. Prior to oil drop, ERX was on a good increase.
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